Bukit Aman police headquarters on fire
A fire broke out at the Bukit Aman federal police headquarters yesterday around 5.20 pm, at the 9th and 10th floor of Tower 2 which includes the Narcotic Department and Crime Investigation Department. The fire was put out by 7.47pm. Inspector-General of Police Tan Sri Khalid Abu Bakar confirmed the incident via Twitter, reporting that there were no casualties and urged netizens to stop spreading rumours. He also tweeted that the cause of the fire was being investigated and that unimportant documents in the corridor were burnt. (The Rakyat Post)
Jiankun JV to develop RM180m serviced apartment in Selangor
Jiankun International Bhd has entered into a joint venture agreement with Five Star Development (Puchong) Sdn Bhd to develop a 377-unit serviced apartment with estimated GDV of RM180 million. The piece of freehold land measuring approximately 0.81ha in Daerah Petaling, Selangor is owned by Five Star, and JKI have been granted the exclusive right to develop and construct the project in return for 20% of the GDV. (The Edge Markets)
South Korean company to invest US$1 billion on chemical plant in Malaysia
Hu-Chems Fine Chemical Corporation is planning to invest US$1 billion on a chemical plant in Malaysia. The plant, set to be Hu-Chem’s first overseas chemical complex, will produce ammonia, nitric acid and ammonium nitrate. Contractors will be selected in 1H next year, estimated to be complete by 2018 and start production in 2019. (The Malaysian Insider)
Penang: FAC to meet CM over 30 delayed housing approvals
The Federal Action Council (FAC) of Penang will be meeting with Chief Minister Lim Guan Eng to discuss the state government’s delay in approving 30 housing projects by federal government agencies, which would provide 36,670 houses to lower-income Penangites who cannot currently afford to buy houses there. FAC Penang had previously contacted the state Housing, Town and Country Committee but received no feedback. There are also plans in the pipeline to upgrade government hospitals in George Town, Seberang Jaya and Kepala Batas. (Free Malaysia Today)
Transactions worth RM1 billion expected at Archidex 2015
The 16th International Architecture, Interior Design and Building Exhibition Malaysia (Archidex 2015) is expected to see transactions totaling RM1 billion this year. It recorded a transaction value of almost RM1 billion last year, and the organizers are looking to hit the RM1 billion mark this year. The annual event provides a trade platform for professional architecture, interior design and building industry. (The Edge Property)
Route changes proposed for free Selangorku buses
Due to lukewarm response for the free Selangorku buses in Subang Jaya since last month, the Subang Jaya Municipal Council (MPSJ) has proposed route changes for the buses, with suggestions to bring them into housing areas. Feedback from bus drivers found that they only ferry about 70 passengers a day. Rapid Bus has also objected to having free bus services on their line as it affects their business. (The Malaysian Insider; The Star Online)
AmFIRST REIT shareholders agree to increase fund size
AmFIRST Real Estate Investment Trust has received the approval from its shareholders to increase its existing fund size by 20% to 823.68 million units. (The Star Online)
